Agreement signed with Italian defence company
TAXILA: A letter of understanding (LoU) has been signed between the Pakistan Ordnance Factories (POF) and Italian defence company Beretta for a joint sale of weapons in Pakistan.
According to a press release issued by the POF’s public relations department on Monday, the LoU was signed during the IDEX-2017 in Abu Dhabi. POF Chief Lt Gen Omar Mahmood Hayat and Italian Director Sales of Beretta Antonio Biondo signed it.
According to the agreement, the POF will start sales of Italian pistols, shotguns and apparel in Pakistan.
The POF and Beretta also agreed to cooperate with each other on future business opportunities relating to Beretta products in Pakistan.
The POF team will sign several agreements with other countries during the course of the exhibition to enhance mutual cooperation in defence production.
Published in Dawn, February 21st, 2017